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Visa Beats Google’s Record Low Yield in Debut Green Bond Sale

  • Deal comes after Alphabet sold the largest corporate ESG deal
  • Seven-year bonds sold with coupon of 0.75%, below Alphabet’s
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Visa Inc. sold bonds at a record low yield as it became the first consumer finance company to issue debt to fund environmentally friendly projects.

The world’s largest payments network, sold $3.25 billion of debt in three parts. The shortest portion of the deal is a seven-year green note with at 0.75% coupon, sliding past Google parent Alphabet Inc.’s record low 0.8% from last week on an ESG debt sale with a similar maturity.